Technical analysis USDJPY for 22.10.2024

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support and resistance levels are Tenkan-se and Kijun-sen, respectively. The closest support and resistance levels are Tenkan-se and Kijun-sen, respectively

Key levels

147.947, 149.259, 149.981, 150.090, 150.717

Trading scenario

Recommended opening long positions (Buy Limit) from the level of 150.090, with Take Profit of 150.717 and Stop Loss of 149.259

Alternative scenario

Recommended opening long positions (Buy) at the current price, with Take Profit of 150.717 and Stop Loss of 149.981